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Morningstar

MainStay MacKay Short Term Municipal Inv MYTBX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.28  /  0.12 %
  • Total Assets 855.8 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.46%
  • Effective Duration 2.05 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:00 PM GMT+0

Morningstar’s Analysis MYTBX

Will MYTBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MYTBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MYTBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MYTBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in MainStay MacKay Short Term Municipal Inv's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MYTBX

More MYTBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 270
  • Other Holdings 9
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Other Assets & Liabilities

2.94
26,452,423
—

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.72
15,501,611
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 0%

1.65
14,909,661
municipal

TENNESSEE ST 5%

1.46
13,149,070
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0%

1.44
13,008,013
municipal

DETROIT MICH SEW DISP REV 0%

1.39
12,534,548
municipal

CAPITAL AREA HSG FIN CORP TEX MULTI-FAMILY HSG REV 0.29%

1.39
12,484,159
municipal

LEHIGH CNTY PA GEN PURP AUTH REVS 0%

1.38
12,437,147
municipal

ARIZONA HEALTH FACS AUTH REV 0%

1.37
12,375,014
municipal

LUCAS CNTY OHIO ECONOMIC DEV NONTAX REV 5.25%

1.35
12,126,414
Cash and Equivalents